Strong start for AB InBev's second attempt at HK IPO

Beer (resized 230)
By Jonathan Breen
18 Sep 2019

A smaller deal size, a high-profile cornerstone investor and plenty of early engagement with investors have put Budweiser Brewing Company Apac’s second attempt at a Hong Kong IPO on solid ground.

The Asian business of the world’s largest brewer AB InBev started bookbuilding for its HK$37.8bn ($4.83bn) listing on Wednesday morning in Hong Kong through sponsors JP Morgan and Morgan Stanley. 

From the get-go, things were looking good, said multiple senior bankers working on the transaction.

“There was strong ...

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